ron,Looks good...There seems to also be 10m 30c options ex...

ron,

Looks good...

There seems to also be 10m 30c options ex 2013
and regarding cash on hand, much of the $10m raised will be spent on acquiring cameron lake...so how much cash will they have post cameron lake purchase and drilling?...still researching..

excerpt from recent presso...

􀂃 Raising $10 million at $0.22 per share
􀂃 Funds raised will be used for:
Completion of Acquisition of Cameron Lake Gold Project
$6,000,000
15?]20,000 metre drilling program (Cameron Lake) $2,800,000
Mining feasibility studies (Cameron Lake) $360,000
Mine Permitting $200,000
Expenses of the Placement $640,000
TOTAL $10,000,000

􀂃 Capital structure on completion of the Placement and Cameron Lake Acquisition:
No. Shares
Shares Currently on Issue 69,478,528
Shares issued in $10 million Placement 45,454,545
Shares issued to acquire the Cameron Lake Gold Project 12,000,000

Options:
􀂃 20.2 million options exercisable at 20 cents (expiring April 2013) and
Total Shares on Issue 126,933,073
􀂃 10 million options exercisable at 30 cents (expiring January 2013)